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Businessday Nigeria Archive Rss

Friday, April 28, 2017

FIRS generates N3.30trn revenue in 2016

Nigeria Customs Service paid N12m into Ofili-Ajumogobia’s account – witness

Central Bank mops up liquidity to support naira

U.S. announces $30m in new humanitarian funding for northeast

Contec Global to invest $360m to develop Nigerian organic agriculture 

FG wants Banks to Invest 25% of their profit share in BoA to improve farmers lending

Agric growth depends on private sector participation – NCARD

Tanzania president sacks 9,932 civil servants over fake qualifications

Etisalat meets lenders for $1.2bn debt restructuring talks

South Sudan, WHO, partners to vaccinate 2.3m children against measles

FBN Holdings earns N581.8bn in full year 2016

BusinessDay’s Top 25 Most Innovative Companies in Nigeria holds today  

Anohu-Amazu’s big shoes and Dikko’s new challenge

EPL: Arsenal not giving up on catching Spurs- Wenger

AFAN urges govt. to subsidise cost of farm inputs

Turkey’s central bank may tighten monetary policy more to tame inflation

MACBAN leverage telecom data on members’ identification

Access Bank posts N26bn profit after tax in Q1

IFAD ready for 2017 farming season

Nigeria lose Beach Soccer World Cup opener to Italy

Tillerson to lay UN groundwork to boost North Korea sanctions

Fraudsters in trouble as CBN, banks move to create database

BusinessDay 28 Apr 2017

Thursday, April 27, 2017

American Business Council sees FG growth plan as commendable

Cargo dwell time in Nigerian seaports remains highest in Africa

‘Mortgage banks need to do self-enlightenment and education to grow the industry’

Strong FX potential seen in Nigeria’s $1.3bn shea industry

Transcorp improves profit margins amid monumental challenges

Of whistles, trumpets & cemeteries

Modular Refineries could offer 500% return on investment-Pwc  

It’s a unique offering at HBC Resort

Over 150,000 Nigeria babies born with sickle cell yearly

Kano invests over N4bn in provision of high tech medical equipment

More teeth for fight against malaria as Publix Pharmaceutical launches Publitem

Hygeia, IKEDC collaborate to curb malaria in Lagos

Lenders shun Nigeria’s solar projects on lack of off-taker, poor tariff

Specialised sleep disorder clinic births in Lagos 

Emir of Ilorin urges FG to address challenges in power sector

FG mulls establishment of courts in prisons

NPA assures port operators of enabling business environment

Reps say document on 2017 Appropriation bill intact

Ngige assures international community of economic development

Dogara calls for adoption of Option A4 for party primaries

Buhari’s health: Presidency says no cause for alarm

Sheriff pulls out of Jonathan’s reconciliation committee

N13bn Ikoyi cash haul: Senator cautions against false alarm

Nestle price growth lifts trading by 0.52%

2017 budget: Police return money, items taken from Goje’s house

FG to audit Ecological Fund

Oando posts N1.71 billion profit

How Macron would fix the French economy

Uba’s £1.9m suit to go on despite process challenge

NCS destroy imported poultry products worth N1.27bn

I do not have $1.2bn in any account – Lai Mohammed

Citydia opens 7th outlet in Nigeria

Magu: Reps accuse Presidency of usurping Judicial powers

Vaccine, major breakthrough in roll-back malaria programme

Senate may pass 2017 budget next week

UBA’s growth-prone share price lures investors  

N200m grass cutting scandal: SGF shuns Senate again

Again, Saraki’s CCT trial stalled

NEITI commences 2015, 2016 audit of oil, gas sector

Access Bank profit rises 34% on forex gains

NEITI commences audit of oil, gas sector

Sharapova should not be allowed to play tennis again- Bouchard

‘Malnutrition hinders children’s immunity against polio after vaccination’

India bans social media in Kashmir for 1 month

INEC flags-off CVR exercise in Lagos

Invest in girl-child education, educationist urges parents, guardians

Nigeria requires 80,000 base stations to join `Smart World’ – NCC

Udom lauds FG over plans to resuscitate ALSCON

Akwa Ibom to recruit 3,000 teachers

‘Abia serious about becoming hub of leather/garment products manufacturing’

BusinessDay 27 Apr 2017

Wednesday, April 26, 2017

NCAA cautions pilot, others on adverse weather

Militancy: Seplat ships 3m barrels of oil through Warri refinery

Lagos up-to-date in pensions, salaries despite meltdown

NNPC confirms Taleveras’ settlement of obligation

FEC approves contracts worth N9bn for transport, EFCC

Transport ministry set to dredge 162km Ajaokuta-Onitsha waterways

Buhari’s “absence” clouds economic recovery

Found but not lost (2)

Stanbic IBTC Holdings’ earnings spike on growth in non-interest revenue

Gap closes between new window and black market rate

Catfish dealer’s capital eroded by rising cost of goods

N6.8 trillion pension industry not threatened by shake-up in PenCom

Making the most of a unique model

Africa’s biggest challenge is viability – Experts

Abuja Runway: A Major Confidence Booster-Akinkuotu

Favorable season, a boon for Ashaka cement as margins surge

NBA-SBL capacity building for young lawyers

MainOne launches Data Center project in Sagamu, Ogun State

Nigerian students stranded in Turkey

GT Bank surprises market with strong first quarter profit of N50bn

Reps confirm BusinessDay story on probe of N13bn recovered from Ikoyi residence

Scanty FEC meeting, angry National Assembly put governance on edge

Senate to pass PIGB ‎in 3 weeks

Senate interrogates Babachir Thursday

Buhari re-nominates 82-year-old ambassadorial nominee, two others

Breaking: Former education minister Babalola Borisade is dead

Buhari seeks Senate’s confirmation of five CBN Non-Executive Directors

2017 Workers Day: NLC threatens to mobilise Nigerians against State Governors, NASS

Osinbajo inaugurates refocused MSMEs Council

Buhari not harassing Jonathan’s family -presidency

JAMB assures of readiness to conduct UTME Mock Exams‎ on Saturday 

Reps threaten showdown over missing 2017 Appropriation bill report

World Bank reaffirms commitment to Nigeria’s power sector recovery plan

Group says Nigeria loses $3.8bn annually on ICT importation

UPDATED: FEC approves contracts worth N9 billion for transport, EFCC

National Bureau of Statistics wins public sector star website award

Tambuwal fails to stop court process challenging his emergence as Governor

Buhari seeks National Assembly approval for $12.7bn external loan

Sule Lamido challenges transfer of case

Aiteo Group to pay Nigeria’s football coaches N2.5bn for 5 years

Buhari working from home- Lai Mohammed

FG to audit utilisation of take-off grants in 12 new universities

CBN Anchor Borrower Programme: Kebbi recovers N1b from 78,500 beneficiaries

Implementation of gas master plan key to oil, gas industry development – expert

YIAGA deploys observers for continuous voter registration in 260 LGAs

Niger vaccinates 2.5m under-five children, warns against rejecting immunisation

Deloitte makes case for incorporating AR/VR into workflows

Experts urge FG to set up task force to enforce non building of structures on power lines

Anxiety as Buhari again fails to show up at FEC meeting

5 million Nigerians listen to Radio China

Oil theft: Navy apprehends Nigerian, 9 foreigners in Delta

Nurses Association expresses worry over donor agencies withdrawal of support

Significance of MSME Week in Bayelsa

AMCON will ensure success of AMPs programme – Kuru

Osinbajo renews call for international collaboration on terrorism

Robot, blockchain technology to change future banking business

‘Digital economy projected to create over 3m jobs in Nigeria within 10 years’

Lagos begins cassava, palm oil production

Tuesday, April 25, 2017

Cash-strapped real estate sector hit by poor skills, policy flip-flops

African nations endorse simple trade documentation procedures at seaports

Salem International holds business seminar for SMEs to attain potentials

Rewarding customers: The Skye Bank way

Ethiopia’s success points way for Nigerian footwear makers

Digitisation is gaining traction in energy sector but is Africa paying attention?

Failed local government system hurts SME development

Jump in stock price seen as market endorsement for new FX window

Death penalty in Constitutional but unconventional

FG, States, Local Govts share N466.93bn in March

Synergos to train agric extension workers in Kogi, Benue, Kaduna

KWACCIMA urges govt. to seek cheap loans for moribound industries

Identify well-structured farmer groups, FG urged  

FBNInsurance creates new outlets to deepen penetration

UNICEF procures 2.5bn doses of vaccines for children in 100 countries

Nigeria ranks 3rd in Africa’s internet affordability index: Report

Movie Review: Power Rangers

Fresh batch of 253 Nigerians return from Libya

World Bank warns Nigeria’s struggling power sector causing macro-economic imbalances

Amaechi set to launch dredging of 162 km Ajaokuta-Onitsha waterways

Nurses Association express worry over some donor agencies withdrawal of support to Nigeria

Nigeria can fund 2017 budget with recovered loot, without recourse to external borrowing – Reps, NLC

NLC threatens showdown with Kogi State over arrest, detention of Varsity students

Nigeria’ll exit recession in Q3 2017- Emefiele

FACC disbursed the sum of N466.93bn among the tiers of government

National Assembly opposes sack of Anohu-Amazu as PenCom DG

AFDB approves $280m to support Nigerian youths in agriculture – Adesina

Nigeria renews MOU on affordable internet

10 new coaches for Abuja-Kaduna rail in July

UNODC, EFCC parley on corruption prevention strategy

Court quash charges against Nze Duru

Digital economy to create over 3m jobs in Nigeria within 10 years

LASG to upscale Imota rice milling plant from 2.5 to 16 metric tonnes per hour

Abuja Court orders al-Barnawi and others to be remanded in DSS custody

DASUKIGATE : EFCC reveals how former aviation minister got N26m from ONSA

Lagos State Health Insurance scheme compulsory for residents – Commissioner

Nigeria falls to 19th position on Africa Investment Index

World Malaria Day: Kano Govt to establish 484 apex health facilities

Lagos State redeems 57.5 billion naira from bondholders

Customs generate N474m revenue in March, decries low economic activities

Choosing the right ERP

Some lessons from Billionaire, Richard Branson

Nnamdi Kanu gets N300m bail

FG urged to seek expert intervention in addressing current economic recession

Terragon Group wins Unilever Ghana Digital Business

Top stories on BusinessDay Tuesday 25th April, 2017

Kano NDLEA arrests suspected drug traffickers in police uniform

Naira slides 22%, opens at N374/$ on investor window

Rohr wants grade A friendlies for Super Eagles

FG plans national conference to address farmers/herdsmen clashes

Cameroon journalist jailed for 10 years under anti-terrorism law

Russia’s oil cuts won’t be so easy if OPEC deal is extended

Ex-Guinea minister charged with laundering bribes goes to trial

Bankers converge in Lagos for WCBI 2017

BusinessDay 25 Apr 2017

Monday, April 24, 2017

Internally Generated Revenues

Nigerian Breweries profit rises on reduced interest expense, higher pricing

Five major economic impacts of new CBN FX window

Stanbic IBTC Insurance Brokers deploys strategies to build consumer trust, deepen penetration

Govt’s intervention, self-education critical for mortgage sector growth

Hadi Sirika: My kind of minister 

How slump in oil prices cut over $2bn in NLNG revenue

Nominees emerge in BusinessDay’s top 25 Most Innovative Brand awards

New survey fee: ‘300% increase is disincentive to housing delivery’

Over 100 SMEs to participate in GTBank Food and Drink fair

‘Leveraging indemnity insurance could hedge property professionals against risks’

Technology major calalyst for future Public Relations practice, says Yomi Badejo-Okusanya

Marketing: Companies wait to leverage EEG to boost export

Prices of insecticide products soar

Scores escape death from tanker fire in Lagos   

PEBEC announces successful completion of 60-day reforms

Tribute to Senator Isiaka Adeleke, by Governor Rauf Aregbesola

Lagos earned N436bn revenue in 2016

Naira closes at N390/$ as CBN injects $246.2m for wholesale, SMEs, invisibles 

Emir Sanusi did not inherit N4bn from his predecessor–Walin Kano

UK begins same day, 5-day visa services in Nigeria

NCC wins ‘Regulator of the Year’ award

NSE market indices rise by 2.21% amid CBN new forex policy

WHO reports 62% decline in malaria death rates in 15 years

INEC distributes voting materials ahead of April 26 Delta by-election

Govt solicits private sector support to improve ease of doing business in Nigeria

Diamond Bank maintains stable growth in 2016 business year

PenCom DG Anohu-Amazu hands over to Aisha Dahir-Umar as Acting DG

AfricInvest targets $214m for second financial sector fund

Ease of doing business: Reps pass 2 out of 15 economic bills

Nigerian stocks rise 2.37% on new CBN forex window

Angola’s presidential council proposes Aug. 23 for national vote

Snap shot of lender’s 2016 financial results

Education reform can no longer be business as usual, says Saraki

Euro jumps, Gold falls as French elections run

Linkage Assurance MD sees sector reform increasing value creation for shareholders

Gourmet meals should be enjoyed by everyone – Adetutu Adekunle

Central Bank to sell $150m at currency forward

Central Bank introduces FX trading window for investors

Ghana, Kenya, Malawi to pilot world’s first malaria vaccine in 2018 – WHO

Reasons why log houses are suitable for office buildings

Rural economy: Rivers sets for aggressive rural electrification

Massive federal projects lined up for Rivers in 2017 budget – Abe

BusinessDay 24 Apr 2017

Sunday, April 23, 2017

CBN triggers much awaited FX market reform, traders say

May & Baker targets increased turnover results despite market constraints

Whistle blowing, value and values?

Five fascinating business facts – Part 14

Update 1: Nigerian Breweries, Unilever results show consumer firms coping with difficulties

“Rubbish”! Trump’s ominous response to IMF protectionism warnings

Massive investment needed in infrastructure to drive Nigeria’s non-oil exports

My Name Is Nobody: Hierarchy, Power Structure and Decision Making In Business

Tips for planning for financial emergencies  

FCMB continues healthcare intervention programme in partnership with TCF

BEDC resolves 128,000 complaints on low supply, bill estimations

Erisco sees FG’s new tomato policy boosting local production

Sterling Bank reiterates commitment to support Open House Lagos

El Clasico: Messi hits late winner to reignite LaLiga title race

750 delegates expected at World Conference of Banking Institutes

Man Utd beat Burnley 2-0 to keep top-four hope alive

FG to extend whistleblower policy to illegal weapons

New FX window to close multiple exchange rates

Reps: NNPC debunks alleged report on multi-million dollar forex scandal

Saraki, Ekweremadu mourn Adeleke

SON confiscates N150m substandard products in 2016

Union Bank tutors over 3000 students on financial literacy

Apapa roads: a crying shame

Promoters of artificial island, deep water port in Akwa Ibom seek FG approval

Mortgage sector in a struggling economy

Market place: Unshaken confidence

Lapses show in agric education as economy diversifies

NDDC commissioner commiserate with victims of electrocution in Cross River

The discipline of refinement

Agripreneurs in Africa gather for first-ever youth agribusiness forum

Kogi cement factory targets 300 metric tonnes annually

15 years after relocation Poverty, neglect claw deeper on Bakassi people

How comedians gave PH unforgettable Easter at Laffta Fest

Bee-keeping for youth employment according to Onebunne

‘Split in Boko Haram a boost to counter terrorist operation in the Northeast’

That long overdue move by President Buhari

2017 budget, passage of PIGB, SGF probe, top agenda as Senate resumes

Akume destroying APC in Benue, Party chieftain petitions national secretariat

Ikpeazu assures Chinese firm of safety, profitability of investment

Saturday, April 22, 2017

Is Onitsha road industrial area going into extinction?

Early results from Nigerian Breweries, Unilever indicate consumer firms over 2016 difficulties

Comply with contract specification or face EFCC, lawmaker tells contractor

Oyo, Osun governments call for calm on boundary disputes

BusinessDay 23 Apr 2017

2019: Fate of 27 RECs uncertain, as Senate resumes Tuesday

Recession: Odd things Nigerians do at National Assembly to survive

Get W/Cup, AFCON tickets or face sack – Pinnick tells Rohr

Fidelity Bank moves to address institutional needs of entertainment industry

$43.4m Osbornegate: Nigerians divided over Osinbajo’s panel

Nigerian OTC market transactions reach new highs of N13.42trn

FIFA, Man Utd, Nigerians sad over fans death in Calabar

Chivita thrills soccer enthusiasts in Tv campaign

Chelsea beat Spurs 4-2 to reach FA Cup final

FG to investigate Lawal, Oke in camera

Over 100 small businesses to participate in 2017 GTBank Food and Drink Fair

Airtel partners ZTE to roll out 4G service in Nigeria

Nigeria records 10% drop in remittances amid pressure to raise FX inflows

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